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EU sets June 12 deadline to rule on EEX's planned Nasdaq deal

Reuters
·1 min read

BRUSSELS, May 8 (Reuters) - The European Commission is due to rule on June 12 on whether to approve the European Energy Exchange's (EEX) planned acquisition of Nasdaq's European power trading and clearing business, according to a regulatory filing.

The EU's antitrust regulators had said last year that the planned acquisition of that Nasdaq division by EEX, which is part of Deutsche Boerse, would need regulatory approval due to its importance to Europe's energy market.

The transaction was first announced in June 2023 and it is due to result in Nasdaq transferring its European power trading and clearing business to the EEX. The EEX has said it expects the deal to be finalised in the first half of 2024. (Reporting by Foo Yun Chee, Editing by Louise Heavens)